Definition: Non-performing loans

Category: European System of Accounts (ESA)

A loan is non-performing when 

(a) payments of interest or principal are 90 days or more past their due date; 
(b) interest payable of 90 days or more has been capitalised, refinanced, or delayed by agreement; or 
(c) payments are less than 90 days overdue, but there are other good reasons (such as a debtor filing for bankruptcy) to doubt that payments will be made in full. http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727